cannot find webpack cli bin config yargs using webpack 5 error code example

Example 1: Error: Cannot find module 'webpack-cli/bin/config-yargs'

For webpack-cli 3.x:
"scripts": {
  "start:dev": "webpack-dev-server --mode=development"
}

For webpack-cli 4.x:
"scripts": {
  "start:dev": "webpack serve --mode=development"
}

Example 2: webpack-cli/bin/config-yargs

NPM package.json scripts are a convenient and useful means to run locally installed binaries without having to be concerned about their full paths. Simply define a script as such:

+ For webpack-cli 3.x:
+
"scripts": {
  "start:dev": "webpack-dev-server"
}

+ For webpack-cli 4.x:
+
+ "scripts": {
+  "start:dev": "webpack serve"
+}

And run the following in your terminal/console: